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Segments and Nature of the Business
 12 Months Ended
Dec. 31, 2023
Segments and Nature of the Business [Abstract]  
Segments and Nature of the Business 5.    Segments and Nature of the Business

Our segments include the VITAS segment and the Roto-Rooter segment. Relative contributions of each segment to service revenues and sales were 58% and 42% in 2023, 56% and 44% in 2022 and 59% and 41% in 2021. The vast majority of our service revenues and sales from continuing operations are generated from business within the United States. Service revenues and sales by business segment are shown in Note 2.

The reportable segments have been defined along service lines, which is consistent with the way the businesses are managed. In determining reportable segments, the RRSC and RRC operating units of the Roto-Rooter segment have been aggregated on the basis of possessing similar operating and economic characteristics. The characteristics of these operating segments and the basis for aggregation are reviewed annually.

We report corporate administrative expenses and unallocated investing and financing income and expense not directly related to either segment as “Corporate”. Corporate administrative expense includes the stewardship, accounting and reporting, legal, tax and

other costs of operating a publicly held corporation. Corporate investing and financing income and expenses include the costs and income associated with corporate debt and investment arrangements.

Segment data are set forth below (in thousands):

For the Years Ended December 31,

2023

2022

2021

After-tax Segment Earnings/(Loss)

VITAS

$

158,509 

$

131,452 

$

162,431 

Roto-Rooter

188,241 

186,120 

166,333 

Total

346,750 

317,572 

328,764 

Corporate

(74,241)

(67,948)

(60,214)

Net income

$

272,509 

$

249,624 

$

268,550 

Interest Income

VITAS

$

20,478 

$

19,119 

$

18,378 

Roto-Rooter

12,043 

9,483 

7,304 

Total

32,521 

28,602 

25,682 

Corporate

5,067 

(1)

-

Intercompany eliminations

(31,318)

(28,246)

(25,305)

Total interest income

$

6,270 

$

355 

$

377 

Interest Expense

VITAS

$

180 

$

172 

$

160 

Roto-Rooter

442 

396 

595 

Total

622 

568 

755 

Corporate

2,486 

4,016 

1,113 

Total interest expense

$

3,108 

$

4,584 

$

1,868 

Income Tax Provision

VITAS

$

46,115 

$

43,000 

$

52,426 

Roto-Rooter

50,125 

58,695 

51,420 

Total

96,240 

101,695 

103,846 

Corporate

(18,382)

(21,640)

(22,082)

Total income tax provision

$

77,858 

$

80,055 

$

81,764 

Identifiable Assets

VITAS

$

778,950 

$

750,483 

$

693,490 

Roto-Rooter

523,450 

512,424 

513,191 

Total

1,302,400 

1,262,907 

1,206,681 

Corporate

365,695 

179,105 

136,042 

Total identifiable assets

$

1,668,095 

$

1,442,012 

$

1,342,723 

Additions to Long-Lived Assets

VITAS

$

17,450 

$

22,580 

$

28,583 

Roto-Rooter

43,514 

39,111 

30,249 

Total

60,964 

61,691 

58,832 

Corporate

274 

177 

24 

Total additions to long-lived assets

$

61,238 

$

61,868 

$

58,856 

Depreciation and Amortization

VITAS

$

20,063 

$

22,056 

$

23,185 

Roto-Rooter

40,749 

37,044 

35,785 

Total

60,812 

59,100 

58,970 

Corporate

53 

72 

81 

Total depreciation and amortization

$

60,865 

$

59,172 

$

59,051